Morgan Stanley set for EUR 2.8 bn Investa buy

By A staff reporter 2007-05-31T00:00:00

Morgan Stanley has agreed to buy Australia's biggest office owner Investa for A$ 4.7 bn (EUR 2.8 bn) in cash. The offer values Investa shares at A$3.08 each, a 14% premium on Wednesday's closing price. This is the latest of a series of acquisitions by the US lender aimed at ...

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